Maintain employee bank accounts

Reckon Payroll allows for you to set one or multiple bank accounts for employees to receive their pay. If you have not entered any bank account details for an employee their bank account will default to a 100% cash payment.

Adding a single bank account

To add a single bank account to an employee:

  1. Select the Employees menu
  2. Chose an employee
  3. Select the Bank Details tab
  4. Tap Edit
  5. Tap Cash
  6. Change Payment type to Electronic fund transfer
  7. Select a Financial institution, enter the BSB, Account number, Account name, and Reference
  8. Tap Done
  9. The employee Banking details will display the name of the financial institution with the account name and that the account will be for the balance owing.
  10. Tap Done
  11. The Banking Details tab will display the name of the financial institution with the account name and that the account will be for the balance owing.

Adding multiple accounts

When an employee has multiple allocations, fixed dollar allocations will be fulfilled first in the order they are listed, followed by percentage and balance owing allocations.

You can add multiple Fixed dollar allocations and Percentage allocations.

Cash as a payment type can only be used once.

The Balance owing always needs to be configured and will default to Cash.

To add multiple bank accounts to an employee:

  1. Select the Employees menu
  2. Chose an employee
  3. Select the Bank Details tab
  4. Tap Edit
  5. Select Multiple Allocations
  6. When entering a Fixed dollar allocation select if it is for Cash or Electronic fund transfer (EFT).
    1. For a Cash allocation enter the Pay amount and Reference
    2. For an Electronic fund transfer (EFT) enter the Pay amount, BSB, Account number, Account name, and Reference
  7. Tap Done
  8. When entering a Percentage allocation select if it is for Cash or Electronic fund transfer (EFT).
    1. For a Cash allocation enter the Pay amount and Reference
    2. For an Electronic fund transfer (EFT) enter the Pay amount, BSB, Account number, Account name, and Reference
  9. Tap Done
  10. When entering a Fixed dollar allocation select if it is for Cash or Electronic fund transfer (EFT).
    1. For a Cash allocation enter the Reference
    2. For an Electronic fund transfer (EFT) enter the BSB, Account number, Account name, and Reference
  11. Tap Done

Need more help?

Ask the Reckon Community at: https://community.reckon.com/

Or Log a Support Ticket: https://www.reckon.com/au/support/

How did we do?

Maintain employees pay schedule

Maintain employees superannuation

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